An Offer Is Effectively Communicated Upon Mailing or Dispatch

question 85

True/False

An offer is effectively communicated upon mailing or dispatch.

---

Definitions:

Liabilities

Financial obligations or debts owed by a company to external parties, creditors, or suppliers that must be settled over time.

Shareholders' Equity

The residual interest in the assets of a company after subtracting liabilities, representing ownership equity.

Total Assets

The sum of all current and noncurrent assets owned by a company, reflecting its overall value.

Retained Earnings

The portion of a company's net income that is held or retained for reinvestment in the business or to pay debt, rather than being paid out as dividends.